The Pomp Podcast #1295 Raoul Pal on Bitcoin, Ethereum, Solana & Macro Environment
45 snips
Jan 16, 2024 
Raoul Pal, Co-Founder & CEO of Real Vision and writer of 'Global Macro Investor' discusses the Bitcoin ETF, Ethereum, Solana, macro environment, and his 'Everything Code' thesis. He explores the behavior of capital in Bitcoin ETFs, the debate between Ethereum, Solana, and other emerging challengers, and the tokenization of assets and institutional involvement in the crypto space.
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Bitcoin ETF Price Drop
- The Bitcoin ETF price drop is likely due to repositioning from GBTC and an overhang of demand.
- The influx of new investors will take time, similar to China entering the WTO.
Bitcoin ETF Investor Behavior
- New Bitcoin ETF investors are unsure how they will react to future price volatility.
- Some investors may panic sell during drawdowns, while others, like millennials investing in 401ks, are more likely to hold long-term.
Bitcoin Volatility and ETFs
- Bitcoin's volatility is expected to decrease due to the ETF and an influx of passive, long-term investors.
- This stability, driven by regular investments like 401Ks, changes the dynamics of the Bitcoin market.